IDFC Limited vidual bank branch in india was established in 1997. The company’s ability to harness global and Indian financial resources has made it an acknowledged specialist in infrastructure finance. Dr. Rajeev Lal joined the company in 2005 and has successfully expanded business into Asset Management, Institutional Broking and Infrastructure Debt Fund. He applied for a commercial banking license to the RBI in 2013. In 2014, the Reserve Bank of India (RBI) gave in-principle approval to IDFC Ltd. to set up a new bank in the private sector. Subsequently, IDFC Ltd. split its infrastructure finance assets and liabilities into a new entity – IDFC Bank – through demerger. Thus, IDFC Bank was created in 2015 by the demerger of the infrastructure lending business of IDFC to IDFC Bank.
The bank was launched through this demerger from IDFC Limited in November 2015. During the subsequent three years, the Bank developed a strong and robust infrastructure including robust IT capabilities to enhance banking operations. The bank began building corporate banking businesses. Recognizing the changing Indian scenario, emerging risks in infrastructure financing and low margins in corporate banking, the bank launched retail trading for assets and liabilities and a strategy to retail its loan book to diversify and increase margins. Made. Since retail requires specialized skills, seasoning and scale, the bank was looking for inorganic opportunities for merger with a retail lending partner who already had scale, profitability and specialized skills.
